{"id":515474,"date":"2021-07-21T06:03:12","date_gmt":"2021-07-21T10:03:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/amplify-etfs-launches-the-amplify-thematic-all-stars-etf-nyse-mvps\/"},"modified":"2021-07-21T06:03:12","modified_gmt":"2021-07-21T10:03:12","slug":"amplify-etfs-launches-the-amplify-thematic-all-stars-etf-nyse-mvps","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/amplify-etfs-launches-the-amplify-thematic-all-stars-etf-nyse-mvps\/","title":{"rendered":"Amplify ETFs Launches the Amplify Thematic All-Stars ETF (NYSE: MVPS)"},"content":{"rendered":"

\nCore Thematic ETF Selects & Weights Stocks Via Thematic ETF Ownership Data
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CHICAGO, July 21, 2021 (GLOBE NEWSWIRE) — \u00a0Amplify ETFs<\/a> announces the launch of the Amplify Thematic All-Stars ETF (NYSE: MVPS), a core thematic ETF that invests in the themes and stocks considered the purest and most attractive as determined by U.S. ETF ownership data. MVPS seeks investment results that generally correspond to the ETF All-Stars Thematic Composite Index (the \u201cIndex\u201d), which is powered by ETF Action, a technology and research firm.<\/p>\n

MVPS is a first-of-its-kind core thematic ETF driven by Thematic ETF market capitalization data and the consensus underlying stocks that comprise each theme. This data analysis produces an index-based portfolio reflective of what one of the most sophisticated and progressive groups of investors in the world \u2013 ETF investors \u2013 believes are the appropriate weights for individual ETF themes and the stocks that power them.<\/p>\n

\u201cThe proliferation of thematic ETFs has left investors with a series of questions,\u201d said Christian Magoon, CEO of Amplify ETFs. \u201cWhich themes should I own? How much should I allocate to each theme? How do I focus on consensus pure play stocks representing a theme? When should I rebalance my exposure? MVPS helps address these questions and provides a convenient solution for investors who want to own themes without the hands-on research needed to identify thematic opportunities.\u201d<\/p>\n

\u201cThe ETF All-Stars Thematic Composite Index is the first-ever strategy to leverage the growth and transparency of thematic ETFs to establish a consensus view on which companies best align with innovative trends across the world economy,\u201d said Mike Akins, CEO & Founding Partner of ETF Action. \u201cWe are thrilled to partner with Amplify, a clear leader in the thematic ETF space, to make this strategy available to investors.\u201d<\/p>\n

The Thematic All-Stars universe includes all ETFs meeting ETF Action\u2019s proprietary classification requirements within the following thematic segments:<\/p>\n